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Guideline Value

Corporate

Guideline Value for Venkatram Nagar 3rd Main Road

₹4400/sq.ft.

The guideline value for Venkatram Nagar 3rd Main Road in Hastinapuram village (Pallavaram SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Hastinapuram

Village

Pallavaram

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹525 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Venkatram Nagar 3rd Main Road

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Venkatram Nagar 3rd Main Road guideline value

The current guideline value of Venkatram Nagar 3rd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village and falls under the Pallavaram SRO with a land classification of Mixed Type - I.

How the guideline value of Venkatram Nagar 3rd Main Road has changed

The guideline value has seen several revisions over the years. The earliest recorded revision was in 2007, when the value was Rs 525 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in 2012, marking a 662% rise. However, it decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 738%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, placing Venkatram Nagar 3rd Main Road above this median.

Stamp duty and registration fee for property in Venkatram Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Venkatram Nagar 3rd Main Road?

The Venkatram Nagar 3rd Main Road is covered by the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, within the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Hastinapuram

The guideline value plays a crucial role during property transactions in Hastinapuram. It is used to determine the stamp duty and registration fees that buyers need to pay when registering property. This value ensures that the government collects appropriate taxes based on the property’s worth.

When a property is sold, the guideline value is often referenced to establish a baseline for the sale price. Buyers and sellers should be aware of the current guideline value to ensure they are complying with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Venkatram Nagar 3rd Main Road?

The current guideline value of Venkatram Nagar 3rd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 525 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 738% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for Venkatram Nagar 3rd Main Road?

The registration for Venkatram Nagar 3rd Main Road is handled by the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a reference point for buyers and sellers to ensure compliance with local regulations.